As you might know, SAP is a German based entity with its shares traded in Germany and in the US. As a result SAP needs to comply with German, EU and SEC regulations. This means that we were obligated to introduce IFRS into SAP in addition to US GAAP. Initially we decided to account for US GAAP and IFRS in parallel for group purposes, while all subsidiaries were also faced with local statutory accounting requirements in addition to the group requirements.
During my presentation on September 9, 2009 I will present our experience with dual accounting, the processes and important milestones that are part of a project that is impacting SAP opertations accross the world.
I hope I caught your interest and you will join for the session you can register here http://w.on24.com/r.htm?e=157045&s=1&k=0895D97B3287A3287F6A46E72946D1F7. If you want to find out information about the other IFRS webinars in the series you can find out here http://www.sdn.sap.com/irj/ecohub/home?rid=/hub/uuid/6019e662-4a58-2c10-91a9-a13e06f6135b?refer=sdn-blog. I will be available for questions that you might have at the end of the session. Feel free to already post questions upfront on the IFRS Forum International Financial Reporting Standards (IFRS)